Make the most of your MYOY Exo ERP investment by adding data analytics for greater visibility, reporting and strategic planning
Your business has the data. This data is captured in your ERP system: MYOB Exo. But what’s next? While MYOB Exo provides you with an operational view of your business, your level of insight can be complemented by having the ability to perform trend analysis or provide high-level data-driven insights. Specifically, from working with more than 40 MYOB Exo customers (including Serfac, Morelli, Motor Parts Direct and HGV Direct), we understand the need to:
- Perform trend analysis using data stored in your ERP and other systems
- Identify opportunities for sales, finance and stock management
- Uncover potential challenges and threats that can harm the business’ bottom line
But we also understand you may need a helping hand to introduce data analytics into the mix.
Read on to find out the benefits you can get from integrating the right BI solution with your ERP system.
“We love Phocas. When anyone asks us for information, my first thought is, ‘can I use Phocas for that query?’ Any opportunity to use Phocas, we do!” - Eddie Garcia, finance manager, AMARCO Enterprises (distributor of DMK products)
A single source of truth
You can solve this ERP challenge with reporting and analytics by aggregating all of your data from various systems and presenting it in one view. If data sources such as your MYOB Exo, CRM and website data aren’t brought together, you might be missing a key trend or insight, such as a true understanding of inventory levels or customer interactions. But besides needing to view your data in one place, it’s also important to have it in a way that everyone can understand and leverage, including non-technical users.
Data analytics — and the insights that come from it, known as business intelligence (BI) — will help you ask questions of your data, as it lets you explore it while following your train of thought. And most importantly, you can easily share what you find with others through graphs, dashboards, scorecards and reports. BI minimizes the uncertainty around predicting future trends, easier. It also offers facts to inform decision making regarding your market’s conditions, competition and customers’ buying behavior.
“Absolutely incredible software. We save a lot of time and get the insights we need immediately.” - Nataliya Allen, finance manager, Drillcut.
To learn more about comprehensive insights, easy reporting, and getting results from your MYOB Exo data, download the full eBook by clicking here, or on the button below.